11-yon inite Manhattan portfòl yo ki gen valè ajoute
Melanj Inite:
89 Mache Lib
17 Stabilize Lwaye
5 Lwaye Kontwole

Portfòl yo pral delivre ak apeprè 95% vid. Sèlman 9 inite reglemante ki okipe kounye a, pandan ke rès inite reglemante yo te vid pandan yon peryòd long.
Valè stabilizasyon pwograme a se apeprè $65 milyon. Pwopriyete a ofri tou opòtinite pou pran yon prè ki egziste deja pou apeprè $18 milyon ak yon to enterè 5.0%.
Pozisyon pwopriyetè a, baze sou konsèy soti nan avoka ki espesyalize nan reglaman lwaye, se ke inite reglemante vid yo ka kalifye pou premye tretman lwaye ki baze sou yon konbinezon faktè, ki gen ladan itilizasyon anvan pwopriyete a kòm yon òganizasyon san bi likratif/legliz, kote apatman yo te okipe pa legliz la olye ke yo te opere kòm inite lwaye tradisyonèl, peryòd vid la ki te long, ak gwo amelyorasyon kapital ki fèt anvan re-occupied. Achte a ta dwe fè pwòp verifikasyon legal yo ak reglemantè yo konsènan zafè sa yo.
kontakte nou pou memoran ofrann konplè a, aksè nan chan data a, finans, lis lwaye, ak materyèl sipò pou verifikasyon.

11-unit Manhattan value-add portfolio
Unit Mix:
89 Free Market
17 Rent-Stabilized
5 Rent-Controlled

The portfolio will be delivered approximately 95% vacant. Only 9 regulated units are currently occupied, while the remaining regulated units have been vacant for an extended period.
Projected stabilized value is approximately $65 million. The property also offers the opportunity to assume an existing loan of approximately $18 million at a 5.0% interest rate.
Ownership's position, based on advice from its rent regulation counsel, is that the vacant regulated units may qualify for first rent treatment based on a combination of factors, including the property's prior nonprofit/church use, where the apartments were reportedly occupied by the church rather than operated as traditional rental units, the extended vacancy period, and substantial capital improvements completed before re-occupancy. Purchasers should conduct their own legal and regulatory due diligence regarding these matters.
Contact us for the complete Offering Memorandum, data room access, financials, rent roll, and supporting due diligence materials.